PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1739769
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1739769
North America and Europe Age-related Macular Degeneration Therapeutics Market is estimated to be valued at USD 14.07 Bn in 2025 and is expected to reach USD 21.3 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.1% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 14.07 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 6.10% | 2032 Value Projection: | USD 21.3 Bn |
Age-related macular degeneration (AMD) is an eye disease that can blur central vision. It happens when aging causes damage to the macula the part of the eye that controls sharp, straight-ahead vision. The macula is part of the retina (the light-sensitive tissue at the back of the eye). AMD is a common condition and a leading cause of vision loss in older adults. AMD doesn't cause complete blindness, but losing central vision can make it harder to complete even daily activities. AMD happens very slowly in some people and faster in others. The detection of AMD also takes long time. There are 2 types of AMD: dry and wet. Most people with AMD have dry AMD (also called atrophic AMD). This is when the macula gets thinner with age. Dry AMD happens in 3 stages: early, intermediate, and late. It usually progresses slowly over several years. There's no treatment for late dry AMD, but there are ways to make the most of the remaining vision. And if only one eye has late dry AMD then proper treatment can protect the other eye. Wet AMD (also called advanced neovascular AMD), is a less common type of late AMD that usually causes faster vision loss. Any stage of dry AMD can turn into wet AMD. It happens when abnormal blood vessels grow in the back of the eye and damage the macula. Treatment options are available for wet AMD. Early dry AMD doesn't cause any symptoms. In intermediate dry AMD, some people still have no symptoms. Others may notice mild symptoms, like mild blurriness in their central vision or trouble seeing in low lighting. In late AMD (wet or dry type), many people notice that straight lines start to look wavy or crooked. A blurry area near the center of vision can also be seen. Over time, this blurry area may get bigger, or blank spots may appear. Colors may also seem less bright than before, and cause more trouble seeing in low lighting.
Increasing launches of new products, and mergers and acquisitions by key market players is expected to drive the North America & Europe age-related macular degeneration therapeutics market growth. For instance, on February 7, 2022, U.S. Food and Drug Administration had approved a new drug Vabysmo (faricimab-svoa) for the treatment of wet age-related macular degeneration (AMD) and diabetic macular edema (DME), two of the leading causes of vision loss. It's the first injectable eye medication that has been approved for the treatment of both conditions and offers a more flexible dosing regimen than medications currently used. Vabysmo is the first bi-specific antibody approved for the eye.